Business
Trading Statement
Trading Statement.
About this update from Pagegroup Plc
[{"type":"text","content":"\n \nRNS Number : 2320U PageGroup plc 11 July 2018 \n\n11 July 2018\nPageGroup plc\n \nSECOND QUARTER AND FIRST HALF 2018 TRADING UPDATE\nQ2 Gross profit growth of 16.0%\nQ2 Highlights*\n· Strong growth of 16.0% (14.5% in reported rates); a record quarterly gross profit of £208.2m\n· Large, High Potential markets (33% of Group) +24%\n· EMEA +18.6%; France +15%; Germany +25%\n· Asia Pacific +18.4%; Greater China +18%; SE Asia +18%; Australia +10% \n· Launched in Vietnam, fifth country in SE Asia\n· UK (17% of Group) -1.9%; market sentiment remains cautious \n· Strongest growth in Americas +29.2%; US +27%; Latin America +32%; Brazil +23%\n· Technical disciplines fastest growing at +26.4%\n· Record headcount at 7,457, +136 fee earners in Q2 (+183 in Q1); +10 support staff\n· Strong balance sheet, net cash c. £85m (Q1 2018: c. £91m; Q2 2017: c. £89m)\n· 2018 Operating profit expected to be slightly ahead of consensus of current market forecasts**\n \n* in constant currencies except where stated\n** company compiled consensus of £134m\n \nQ2 GROSS PROFIT ANALYSIS\n \n\n\n\n\n \n\n\n \n\n\nReported (£m)\n\n\nConstant\n\n\n\n\nYear-on-year \n\n\n% of Group \n\n\nQ2 2018\n\n\nQ2 2017\n\n\n%\n\n\n%\n\n\n\n\nEMEA \n\n\n48%\n\n\n100.0\n\n\n83.5\n\n\n+19.8%\n\n\n+18.6%\n\n\n\n\nAsia Pacific\n\n\n20%\n\n\n41.3\n\n\n35.8\n\n\n+15.3%\n\n\n+18.4%\n\n\n\n\nUK \n\n\n17%\n\n\n36.0\n\n\n36.6\n\n\n-1.9%\n\n\n-1.9%\n\n\n\n\nAmericas\n\n\n15%\n\n\n30.9\n\n\n25.9\n\n\n+19.6%\n\n\n+29.2%\n\n\n\n\nTotal\n\n\n100%\n\n\n208.2\n\n\n181.8\n\n\n+14.5%\n\n\n+16.0%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPermanent \n\n\n78%\n\n\n161.5\n\n\n139.6\n\n\n+15.7%\n\n\n+17.6%\n\n\n\n\nTemporary\n\n\n22%\n\n\n46.7\n\n\n42.2\n\n\n+10.5%\n\n\n+10.7%\n\n\n\n\n \nH1 GROSS PROFIT ANALYSIS\n \n\n\n\n\n \n\n\n \n\n\nReported (£m)\n\n\nConstant\n\n\n\n\nYear-on-year \n\n\n% of Group \n\n\nH1 2018\n\n\nH1 2017\n\n\n%\n\n\n%\n\n\n\n\nEMEA \n\n\n49%\n\n\n194.8\n\n\n162.1\n\n\n+20.2%\n\n\n+18.5%\n\n\n\n\nAsia Pacific\n\n\n19%\n\n\n74.2\n\n\n66.7\n\n\n+11.3%\n\n\n+16.3%\n\n\n\n\nUK \n\n\n...